Raising Money for Engineered Wood Member Manufacturing

With these bank loans for engineered wood member manufacturing, the SBA guarantees the lender that the loan will be repaid. This engineered wood member manufacturing loan for $219,600 was given to a Pennsylvania entrepreneur in 2003.

Getting a small business loan in Laceyville, Pennsylvania was important for this growing firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from First Lib Bank & Trust A Divisio, operating out of Tunkhannock, Pennsylvania. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: ENGINEERED WOOD MEMBER MANUFACTURING
LACEYVILLE, PA 18623

SBA Loan Lender

FIRST LIB BANK & TRUST A DIVISIO
198 E TIOGA ST
TUNKHANNOCK, PA 18657

This commercial loan was provided by a small business banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

321213 - Engineered Wood Member Manufacturing

Loan Approval Date

6/11/2003

Loan Approval Gross Amount

$219,600

Loan Approval from the SBA

Of the total $219,600 loan amount, the SBA guaranteed $164,700.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the business promised to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $219,600 loan. It's not easy, but why not give getting an SBA loan of your own a try?

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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